Aristotle Capital Management LLC Has $959.68 Million Stake in Xylem Inc. (NYSE:XYL)

Aristotle Capital Management LLC cut its stake in Xylem Inc. (NYSE:XYL) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,271,667 shares of the industrial products company’s stock after selling 39,916 shares during the period. Xylem makes up 1.8% of Aristotle Capital Management LLC’s holdings, making the stock its 24th largest position. Aristotle Capital Management LLC owned approximately 3.40% of Xylem worth $959,679,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Impax Asset Management Group plc grew its holdings in shares of Xylem by 231.5% during the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock worth $644,039,000 after buying an additional 3,883,845 shares in the last quarter. Norges Bank bought a new position in shares of Xylem during the 4th quarter worth approximately $302,734,000. Northern Trust Corp raised its holdings in shares of Xylem by 42.0% in the fourth quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company’s stock valued at $379,204,000 after purchasing an additional 966,399 shares during the last quarter. AMF Tjanstepension AB bought a new stake in shares of Xylem in the fourth quarter worth $96,658,000. Finally, Victory Capital Management Inc. boosted its holdings in Xylem by 42.9% during the fourth quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company’s stock worth $269,865,000 after purchasing an additional 698,745 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on XYL. Stifel Nicolaus lifted their price target on shares of Xylem from $140.00 to $141.00 and gave the company a “buy” rating in a research note on Wednesday. Robert W. Baird dropped their target price on Xylem from $149.00 to $146.00 and set an “outperform” rating on the stock in a report on Wednesday. Royal Bank of Canada raised their price target on Xylem from $143.00 to $147.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Citigroup dropped their price objective on Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.56.

Xylem Stock Up 2.9 %

XYL stock opened at $124.30 on Friday. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $146.08. The business’s 50 day simple moving average is $118.02 and its 200 day simple moving average is $121.96. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $30.25 billion, a PE ratio of 33.96, a PEG ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.04 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.90 earnings per share. As a group, research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Xylem’s previous quarterly dividend of $0.36. Xylem’s payout ratio is currently 43.01%.

Xylem Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.